XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 13,883 $ 15,245 $ 42,268 $ 47,126
Interest on investment securities:        
Taxable 3,084 3,746 10,044 11,022
Nontaxable 573 461 1,661 1,455
Interest on deposits in other banks 37 41 99 188
Interest on federal funds sold and securities purchased under agreements to resell 1   3 3
Total interest income 17,578 19,493 54,075 59,794
Interest Expense        
Interest on deposits 2,141 3,553 7,320 11,272
Interest on federal funds purchased and other short-term borrowings 24 43 74 154
Interest on securities sold under agreements to repurchase and other long-term borrowings 1,828 1,996 5,481 5,978
Interest on subordinated notes payable to unconsolidated trusts 518 504 1,559 1,515
Total interest expense 4,511 6,096 14,434 18,919
Net interest income 13,067 13,397 39,641 40,875
Provision for loan losses (256) 3,232 2,062 10,201
Net interest income after provision for loan losses 13,323 10,165 37,579 30,674
Noninterest Income        
Service charges and fees on deposits 2,062 2,251 6,080 6,481
Allotment processing fees 1,304 1,342 3,932 4,027
Other service charges, commissions, and fees 1,104 1,055 3,332 3,146
Data processing income 47 156 215 691
Trust income 469 507 1,404 1,593
Investment securities gains, net 276 386 964 1,209
Gains on sale of mortgage loans, net 603 328 1,364 620
Income from company-owned life insurance 301 230 1,289 706
Other   5 26 20
Total noninterest income 6,166 6,260 18,606 18,493
Noninterest Expense        
Salaries and employee benefits 7,019 6,646 20,999 20,281
Occupancy expenses, net 1,235 1,254 3,606 3,696
Equipment expenses 576 659 1,757 1,836
Data processing and communication expenses 1,059 1,147 3,211 3,574
Bank franchise tax 605 637 1,793 1,930
Amortization of intangibles 254 286 761 858
Deposit insurance expense 667 643 2,039 2,254
Other real estate expenses, net 1,531 3,569 3,197 6,184
Legal expenses 251 164 989 581
Other 2,150 1,954 5,989 6,554
Total noninterest expense 15,347 16,959 44,341 47,748
Income (loss) before income taxes 4,142 (534) 11,844 1,419
Income tax expense (benefit) 1,051 (806) 2,297 (67)
Net income 3,091 272 9,547 1,486
Less preferred stock dividends and discount accretion 481 474 1,439 1,419
Net income (loss) available to common shareholders $ 2,610 $ (202) $ 8,108 $ 67
Per Common Share        
Net income (loss), basic and diluted (in Dollars per share) $ 0.35 $ (0.03) $ 1.09 $ 0.01
Weighted Average Common Shares Outstanding        
Basic and diluted (in Shares) 7,461 7,427 7,454 7,420